885 Hwy 71 Hwy Bastrop, TX 78602
This exceptional mixed-use property, situated on 3.55 acres along Highway 71 in Bastrop, Texas, presents a unique investment opportunity. Located just outside city limits, within the Bastrop ETJ (Extra Territorial Jurisdiction), this property boasts a versatile layout ideal for a variety of commercial and residential ventures. The property includes a 1,683 square foot, two-bedroom, two-bathroom house, per tax records. A substantial metal building adds significant commercial potential, offering approximately 2,400 square feet of combined carport and enclosed shop space, complete with a bathroom and an overhead delivery door. This building offers ample room for expansion. The septic system serving the metal building has been recently replaced, ensuring efficient waste management. The home is serviced by its own separate septic system. A wet weather pond is also located on the property. It's important to note that a 100-year floodplain encroaches onto a portion of the property, originating from the pond. A survey included in the listing documents provides an approximate delineation of the floodplain
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.